((i) Employees Provident Fund Board (13.57%)
(ii) Gabungan Kesturi Sdn Bhd (11.09%)
(iii) Altima Inc (7.96%)
(iv) Morgan Stanley & Co. International PLC (6.23%)
|Medium Term Notes (i)||300,072|
|Total borrowings as at 30 June 2017||300,072|
(i) During the financial year 2012, the Group has undertaken a 7-year Commercial Paper/ Medium Term Notes (“CP/MTN”) programme of up to RM500.0 million in nominal value. As at 31 December 2012, the Group has issued MTNs in the nominal value of RM300.0 million. The principal terms of the CP/MTN Programme shall be as follows:
(ii) CH-9 Media Sdn Bhd (“Channel 9”)
MPB completed the acquisition of 100% of Channel 9 on 23 September 2005. The television station was re-launched as TV9 on 26 April 2006.
(iii) Natseven TV Sdn Bhd (“ntv7”) and Synchrosound Studio Sdn Bhd (“Synchro”)
The scheme creditors approved the proposed debt restructuring scheme on 27 September 2005 paving the way for the acquisition of ntv7. The acquisition of ntv7 was completed on 30 December 2005. Synchrosound was acquired together with the acquisition of ntv7. The radio station owned by Synchro (previously known as WaFm), had ceased transmission on 1 October 2005. The radio station was re-launched as Hot.fm, a Malay station on 6 February 2006.
(iv) UPD Sdn Bhd (“UPD”)
The acquisition of UPD from the Utusan group was completed on 28 February 2007.
(v) The Right Channel Sdn Bhd (“TRC”)
On 28 February 2007, MPB completed the acquisition of TRC from the NSTP group.
(vi) Big Tree Outdoor Sdn Bhd (“BTO”)
MPB completed the acquisition of BTO on 30 March 2007, a leading outdoor advertising outfit in Malaysia which is planned to spearhead MPB’s expansion into the outdoor segment.
(vii) Radio Wanita Sdn Bhd (“RWSB”)
MPB completed the acquisition of RWSB on 19 January 2009.
(viii) The New Straits Times NSTP (“NSTP”)
MPB completed the acquisition on 14 December 2010.
As at 14 December 2010, MPB owns 98.17% of voting shares in NSTP.
(ix) Kurnia Outdoor Sdn Bhd and Jupiter Outdoor Networks Sdn Bhd (collectively known as “Kurnia”)
The acquisition of the third tranche of 60,000 shares in Kurnia and 3,450 shares in Jupiter has been completed on 11 May 2011 and accordingly, MPB currently holds 95% of the issued and paid-up share capital of Kurnia and Jupiter, respectively. The acquisition was completed on 13 April 2012 following the acquisition of the fourth (4th) and final tranche of 50,000 shares in Kurnia and 2,875 shares in Jupiter, representing 5% of the issued and paid-up share capital of Kurnia and Jupiter respectively. Accordingly, MPB now holds 100% of the issued and paid-up share capital of Kurnia and Jupiter, respectively.
(x) Acquisition of additional 19.6% equity interest in One FM
On 16 November 2015, Synchrosound Studios Sdn Bhd, a wholly-owned subsidiary of MPB, acquired an additional 19.6% equity interest in a subsidiary, One FM Radio Sdn Bhd (“One FM”) for a total cash consideration of RM5.3million.
Subsequently, the effective equity interest in One FM has increased to 99.6%.
(xi) Acquisition of 100% equity interest in Copyright Laureate Sdn. Bhd.
On 1 October 2015, Synchrosound Studios Sdn Bhd, a wholly-owned subsidiary of MPB, entered into a conditional share purchase agreement with Mohamad Fazhly Bin Johari, Hamyzar Bin Toha and Lau Chuan Chiat to acquire 100% equity interest in Copyright Laureate Sdn. Bhd. (“CLSB”) for a total cash consideration of RM20.0 million.
The acquisition of CLSB was completed on 21 October 2015.
As a result of the acquisition, CLSB has become a wholly-owned subsidiary under the Group.
(xii) Joint Venture Agreement with CJ O Shopping Co., Ltd
On 18 January 2016, STMB, a wholly-owned subsidiary of the Company, entered into a Joint Venture Agreement with CJ O Co., Ltd (“CJ O”) to establish a joint venture company (“JV Co”) for the purposes of a home shopping business. The JV Co had been incorporated on 22 February 2016 as Media Prima CJ O Shopping Sdn Bhd (“Media Prima CJ O”) with an initial issued and paid-up share capital of RM100 comprising 100 ordinary shares of RM1.00 each, issued to STMB and CJ O in the ratio of 51% and 49% respectively.
(xiii) Acquisition of 100% equity interest in Rev Asia Holdings Sdn. Bhd.
On 8 May 2017, Media Prima Digital Sdn Bhd, a wholly-owned subsidiary of MPB, entered into a conditional sale and purchase agreement with Rev Asia Berhad & Youth Asia Sdn. Bhd. to acquire 100% equity interest in Rev Asia Holdings Sdn. Bhd. (“RAHSB”) for a total purchase consideration of RM105.0 million.
The acquisition of RAHSB was completed on 1 August 2017.
As a result of the acquisition, RAHSB has become a wholly-owned subsidiary under the Group.
– Funding requirement (capital expenditure and investments); and
– Availability of cash flow
Dividends are to be paid quarterly or at a minimum twice a year. Continues to allow the Group to maintain sufficient cash reserves. Also to provide the group flexibility to channel the excess cash flow to maximize shareholder’ return.